1910 State Road 16 Lot | Terrain commercial | 1,42 ha | À vendre | 2 333 880 € | Saint Augustine, FL 32084

412 Feet of Frontage per each 3.5 acre parcel or 823.5 Frontage for both (per tax roll). Currently this is the only property listed on SR 16 with approx 8 acres + that has over 225 ft frontage. This property will soon be a good option for your 1031 Exchange Clients. Please note that the 1900 and the 1910 SR 16 listings are the same parcel of land with different approaches as to how it is developed. To be clear there are two site plans in the works for this site depending on the developers vision and needs.
Virtually all of SR 16 has become a High Demand/High Development Area. 3 of the 4 new housing projects have recently come to 16. The upscale Tapestry is now leasing, just to the E of this site. Another is nearing completion in the 1100 block of SR 16 while another in the 800 to 900 block of 16 just finished clearing. Two of the three new housing developments are for 300+ units. The fourth large housing development (Terrassa) is just North of 16, E. of I-95 where the high end outlet mall used to be. Terrassa is also planned for over 300 luxury apts. This high growth area is greatly in need of commercial retail and services to satisfy this ever increasing demand. Without question this is one of the very few sites remaining on SR 16 that qualifies as a Prime Site for commercial development.
This 12 acre site is in the process of being planned and permitted for potentially 100,000+ sqft. In this plan there are two smaller outparcels ideal for QSR's (quick serve restaurants like Five Guys, Cava, BurgerFi or Panda Express, Drive-Thru coffee & Beverage Shops like Dutch Brothers or Ellianos, Banks-Credit Unions, Convenience Stores w Gas Pumps like Circle K or 7-11, Grocers such as Trader Joe's, Sprouts or Fresh Market, Fitness Studios, Urgent Care/Medical Office/Vision Care i.e. America's Best Contacts, or Dental like Heartland or Deca Dental. Also needed is a Pharmacy w Drive-Thru. Specialty Retail like Mattress Firm, Auto Zone, O'Reilly's or Wireless Providers. Car washes like Mr. Clean, Tommy's Tidal Wave or Mister Car Wash. Also a good fit for auto accessory shops like Tint World, Black Optix, Line-X or Color Glo. With all the brand new units coming on line it seems prudent that a developer would build some strip stores and offer needed services such as hair and nail salon, barber, dry cleaner, beauty supply, atm machines, small sit down restaurants etc.
With this model in back of the outparcels there will be two sets of strip stores on either side of the driveway. Both with drive thru end caps. In the rear of the site there is a space that can accommodate a large structure up to 5 stories. A structure like that would be ideal for self storage companies like Public Storage, Extra Space or CubeSmart. A few other options include: Hospital satellite facilities, medical/profession office bldg, Top end (Covered) RV and Boat Storage, Large Scale Fitness Facility etc. This property has roughly 823 feet frontage on SR 16 which is the main road in and out of Historic Old St. Augustine, Fl. This particular site has the highest traffic count on SR 16 with an ADT of 42,825 per day (see attachment). Although this property currently has a metal structure and two businesses on site, these are not necessarily being considered in the valuation of this property.